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on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my colleagues on the democratic leadership side and told me as late as last week, they wanted to go over the fiscal cliff because we've argued all along they'll start by simply taxing everybody above 200,000, but that will continue and this'll lower at that rate and limit and they told me they'd vote for everything that tax everybody above $150,000 and secondly you look at the president as actions. the president doesn't want an agreement or compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and talk, because we could get a solution that everybody could live with. >> it
on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my...
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all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend
all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have...
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Dec 8, 2012
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it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the
it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united...
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that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that it wilbe a staggering figure. especially since we have a president who is inclined to spend like hell. i don't think there's any doubt about that. the president today is absolutely indulging in class warfare. >> i cannot ask folks who are middle-class seniors on medicare and young people who are trying to get student loans for college -- i can't ask them to sacrifice. and not ask anything of higher income folks. lou: what are your thoughts? >> i love the word ask her if is that this is a chervil contribution as opposed to money being taken forcibly. second, what's he asking anyone to sacrifice other
that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be needing with a roundtable. he would be up to capitol hill. as president is not serious. >> the other thing about the debt limit is not an authorization to go into as much does he want for five years or whatever. it is a set dollar amount. how much? lou: based on past five years of the bush administration, i can assure you that...
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Dec 13, 2012
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obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes we live in a world of other countries that are decent countries. they're not all the enemy out there. this right wing attitude it's just us or just us and israel against all these evil third world people and they're just crazy about that. it's so dangerous. >> to finish this point for one second. the thing is -- and this is what ornstein was saying too. that his campaign was based on a lot of major big sweeping lies. now, you can look at obama and point out that he made a mistake, misrepresented obama's policy in this way and that way. but that the overall cas
obama wants to cut $500 billion out of medicare. not true. a lot of his key arguments, and, of course, the jeep ad at the end. >> the one that offends me the most is the apology tour. it's foundational. he's putting that down in the ground. and i want to get joan in here. he puts that down and says sort of his takeoff platform. he's apologizing but i'll be a robust patriot. i'll defend america against anything foe or friend because i'm a real american. and this guy because he recognizes...
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Dec 5, 2012
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the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get enough money there. they are going to hit me and there is going to be a carbon tax. president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. tax
the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get...
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>> i am fine with cutting spending levels. [talking over each other] [talking over each other] megyn: great job. coming up, bob costas offers verification on his talk about gun culture after a murder suicide of a nfl player. and police traffic cameras. red light cameras in one city are the subject of a major class-action. why drivers claimed the cameras keeping neighborhoods if they are big methods of bringing in cash megyn: sportscaster bob costas offering clarification for his on-air comments about the nfl player who shot his girlfriend and then killed himself last weekend. those comments were made during the eagles and cowboys football game on sunday night. he blamed what he called america's gun culture for america's case of gun violence. here's a little from the comments on sunday night the matter tandems do not enhance our safety. they exacerbate our flaws. they beat us into embracing confrontation rather than avoiding it. in coming days, javon pilcher's actions and attention to football will be analyzed. who knows, but h
>> i am fine with cutting spending levels. [talking over each other] [talking over each other] megyn: great job. coming up, bob costas offers verification on his talk about gun culture after a murder suicide of a nfl player. and police traffic cameras. red light cameras in one city are the subject of a major class-action. why drivers claimed the cameras keeping neighborhoods if they are big methods of bringing in cash megyn: sportscaster bob costas offering clarification for his on-air...
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Dec 8, 2012
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today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes in telling me why i'm wrong. and our other guest, david johnston wrote "the fine print." stephen, you are our resident anti-tax crusader. i totally agree every penny counts when it comes to your own money. when you compare the taxes most americans paid in past decades i don't get why republicans are screaming bloody murder about this. what would be so bad with the wealthiest among us chipping in a little bit more? i'm emphasizing just a little bit more. >> when you showed that chart of the tax rates that was exactly accurate. we had 70% tax rates in the '70s. that didn't turn out well. then we c
today president obama wants to let the bush era tax cuts expire for the wealthy americans only kicking up their marginal federal tax rate from a 35% bracket to 39.6%. we are talking about a 4.6% uptick for households making more than $250,000 a year only on every dollar they make above $250,000. that's why it's a marginal tax rake, only on the money you make on the margin. stephen moore is here from the wall street journal and he's ready to jump out of his skin after i said that. he specializes...
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Dec 9, 2012
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president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds from being louder than the tv program they're interrupting. we'll talk about that presidential trip to michigan, and what he'll say about the union showdown there. with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited re
president obama taking his message of middle class tax cuts back on the road. he will visit a engine plant in detroit tomorrow. it will pull him into michigan's right to work legislation that limits union ability to organize workers. have you ever fallen asleep by watching tv only to be blasted away by a loud add? >> wow, that's a low price! >> starting thursday, the commercial advertisement loudness mitigation act goes into effect. the law which congress passed in 2010 bans adds...
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president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look, chris. we have to have a $4.4 trillion solution. i know senator schumer, i've talked with him numbers of times. he knows what we need to do and most republicans and democrats do. i think it's time for the president, he knows that there's a growing body of folks willing to look at the rate on the top 2% but that's only -- could be $400 billion, it made be 800 billion-dollar and many of us are beginning to see we could end up with a lesser revenue increase by agreeing to that. the shift in focus and entitlements is where we go. it's a shame we're not sitting down and solving this but r
president obama agreed -- >> isn't that what they just did? >> no. the bottom line is democrats, led by our president almost uniformly say here's our first 1.2 trillion of getting to the 4 trillion. revenues. it's up to the republican leadership prodded correctly and boldly by senator corker and others to say they'll go along with this and then we'll negotiating on the other side. it makes no sense to negotiate against ourselves? do you buy that, senator corker? >> look,...
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president obama remains insistent th republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on fiscal policy that would make both casey stiegel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a moment of truth. the clock is ticking. christmas is coming. the goose is getng fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: tha's right. pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the form
president obama remains insistent th republicans yields to his ultimatum that he be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reduce trillion dollar deficits and a national debt that is now mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on...
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send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man that reportedly opened fire earlier on several people, three of whom died. his two young daughters were wounded, and police chased the suspect and said he shot at them, too. >>> the national menorah in front of the white house, illuminated tonight, marking the start of hanukkah. of course, no hanukkah celebration would be complete without a spinning draddel. >> the big event at the nation's capital, president obama will be inaugurated for a second term and that means plenty of turnover among his top advisoriers. emily schmitt has a look at the upcoming cabinet. >> this is a wonderful opportunity
send spending cuts dpin. >>> a cloud of political uncertainty hanging over venezuela. hugo chavez is traveling to cuba for surgery for a third time. this time he named the vice president to replace him in case something was to happen to them. earlier parliament votes unanimously to give him permission leave the country. >>> a man who shot three people to death on an indian reservation in california has been killed. police near fresno were involved in the shoot-out with the man...
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Dec 7, 2012
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president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond raising taxes on the well think, tax rates on the well think, he said he wanted a balanced approach etch said during the campaign he wanted $2.50 in cuts for every $1.50 in revenue. yet you saw the only proposal come from him sense the election was four dollars in revenue for one dollar in cuts. it was $1.6 trillion in revenue and $400 trillion in cuts and $300 trillion in additional stimulus spending in addition to that. but completely the opposite in cracks to his own campaign pledge. what we've been trying to do, greta, is hold his feet to the fire and say speaker bain wares clear
president obama doesn't want to talk about spending cuts. congressman aaron schaak is on the house, ways and means committee. good evening, sir. >> good evening. >> what about the spending cuts? >> the president made is very clear during his campaign he wanted a balanced approach. he talked repeatedly about raising taxes on the wealthy. he continues to talk about raising tax on the well think. >> the tax rate. >> right, the tax rates on the well think and beyond...
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if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what you're seeing is political theater. >> jamie: we're running out of time, doug. >> i agree. and that's true, but look, neither side wants to go over the cliff. politically it would be disastrous. >> for both sides. >> exactly, and for the president, he's the got an ambitious agenda next year, he wants to d
if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for...
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the house republican caucus to swallow some marginal tax rate increase and a debt limit increase especially if they have got something to show for it. and the irony here, on a whole variety of issue, the democrats should actually be in favor of certain kinds of progressive entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as opposed to waiting and having that potentially come back. in addit
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves with conservatives in his own caucus, kicking them off committees. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question....
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Dec 11, 2012
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we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued his outside-inside game of running a campaign-style effort to jin up popular support for the fiscal cliff. because he was in michigan he took a whack at the proposed legislation -- the so-called right to work legislation. listen to the president. >> these so-called right to work laws don't have to do with economics. they have to do with politics. [ cheers ] they're really talking about giving you the right to work for less money. >> obviously a pro union crowd there. a lot of folks from the uaw there in detroit. but the president conti
we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >>...
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obama wants $350 billion in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national media is not focusing on what the reality is. they're just playing games right in washington. folks in office and this president is guilty of class warfare. for what? for that? are you kidding me? president obama seems to love the drama. i thought he didn't like drama. but the reality is there will be is little impact on our fiscal future. and as a nation, after all of the drama and whatever the outcome, we remain in great jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator.
obama wants $350 billion in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and what you and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the...
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obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this can be good for economic development for more a
obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from...
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president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of unions. we love unions, but we want people to have the right t
president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get...
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he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout for the annual lighting of the tree. the president addressed the crowd and during his speech also spoke about helping the victims of superstorm sandy. m >>> we are also following developing news overseas. up next, egyptian president mohammed morsi tries to quiet protesters but is he will to back down from his power grab. >>> a major ruling in michigan that has some workers upset and could hurt the auto industry. more on that when we return. >>> michigan is now one step closer to becoming a right to work state. yesterday, the state house and senate approved bills limiting ups from collecting fees from nonunion worke
he sat down with a falls church family to talk about how ending the bush era tax cuts would affect them. if they expire the end of the month, an average family of four would have to pay about $2200 in extra taxes. the president says he is in favor of extending tax breaks for people making $250,000 a year or less but not for the top 2%. >>> down on the ellipse, there was a special ceremony to light the national crime tree. >> three, two, one! >> an it was quite the turnout...
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let president obama, let him have two recessions on two terms, that's the only way that they'll cut a time of spending if they're forced to do it. >> you mentioned the number, 5-8 billion dollars, new congress militia numbers out. 4.8 billion dollars a day so far, now, this is for not this year, this is for fiscal year 2013 which began in october. carney, the white house press spokesperson says a number of things about this, take a listen. >> the debt reduction in and of itself is not the goal here. the reason to get our fiscal house in order and the reason to pass a deficit reduction package that's balanced and allows for economic growth and job creation is to put our economy on a sustainable fiscal path. which again, in itself produces positive economic benefits and growth and jobs. >> eric: that's ridiculous, what that man just said, the reason for the discussions is not to cut the deficit, it's to put our economy on a path to fiscal growth and create jobs. the only way to do it is to stop the out of control debt. you're going to bury our kids and grandkids with debt. >> ainsley: b
let president obama, let him have two recessions on two terms, that's the only way that they'll cut a time of spending if they're forced to do it. >> you mentioned the number, 5-8 billion dollars, new congress militia numbers out. 4.8 billion dollars a day so far, now, this is for not this year, this is for fiscal year 2013 which began in october. carney, the white house press spokesperson says a number of things about this, take a listen. >> the debt reduction in and of itself is...
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we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians and ceos are worried about the fiscal cliff. even baseball players are worried. this man just signed a contract with the atlanta braves. this is something that the mbl r
we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our...
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Dec 6, 2012
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it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure this economy gets blamed on obama. there are things they can do like propose tax cuts or rather tax hikes for the truly rich, ie, warren buffett. no more state and low tax deductions. cut out that hollywood foin accounting. let's go after the 1% of the 1%. forget the 1% of income
it's only going to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a...
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Dec 12, 2012
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spending cuts. unless we treat this like it's an actual problem and not just political theater, all of this stuff is meaningless. totally meaningless. >> the thing i would say on that is it's less like an economic plan and more like fairness and people feeling like they are not getting the raw end of the deal. >> that's political and that's fine. i understand the political argument for it. they are acting like this is going to solve a lot of problems and it's not. republicans are acting like it is going to be the end of the world and it's not. we need to just swallow this bitter pill and move forward and talk about tax reform and entitlement reform and the things we need to address our fiscal problems. >> part of what we are seeing is going back to seeing an anti-government party trying to drag down government and that's going to be good for the business in general. i agree with most of what you guys said except with what you said. i'm glad you said fetish. i like when the word fetish is in any conv
spending cuts. unless we treat this like it's an actual problem and not just political theater, all of this stuff is meaningless. totally meaningless. >> the thing i would say on that is it's less like an economic plan and more like fairness and people feeling like they are not getting the raw end of the deal. >> that's political and that's fine. i understand the political argument for it. they are acting like this is going to solve a lot of problems and it's not. republicans are...
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back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of health and human services revealed it no longer supports those cuts. because the supreme court landmark healthcare decision allows states to opt out of the new laws medicate expansion. when carney was pressed today on how to white house will make up the spending cut, he hedged minutes after demanding more specifics from bane baun on taxes. >> i have to get you more -- see if we have more specifics for you. >> this comes a the white house thinks the heavy pressure from the fellow democrats who today demanded no cuts to any of the health entitlement programs. >> we are not budgin
back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of...
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Dec 8, 2012
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president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone conversation with the president. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> boehner says the president is not being a helpful negotiator, even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussi
president obama continues his pressure campaign to pass the middle class tax cuts. the president is also taking time to be festive this holiday season. meantime, john boehner doesn't sound so merry. >> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> the house speaker had nothing of substance to say about this week's phone...
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Dec 10, 2012
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taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season? >>> all and that a federal case of it. why when it comes to gay marriage the train can't be stop. neither can we. it's "the cycle" and it's monday, december 10th. >>> it's monday, fun day here at "the cycle." let's get the party started. where will it land today? fiscal cliff? huh. so much for fun. well you know what? we at "the cycle" can make it fun. look at this. the president living it up in motown last hour calling on republicans to stop being party poopers. >> i believe america only succeeds and thrives when we've got a strong and growing middle class. i want us to brin
taxes, spending cuts. >>> i'm susan in for s.e. today. michigan's governor driving the motor city in to a fight over the unions. why's the president playing backseat driver? >>> i'm steve kornacki. there's outrage maybe even criminal charges coming in that death of the nurse in england. wait a minute. are we being too hard on the pranksters? >> i'm krystal ball. in to the holiday spiritual. our friend is back at the table with tips to dare we say it enjoy the season?...
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Dec 7, 2012
12/12
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that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're lik
that would let president obama pocket $1 trillion in tax revenue and secure a win on his key priority in the talks. but they would do nothing else. at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax...